Technical Indicators for MetaTrader 5
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MetaTrader 5
Top Rated Products MT5
Overview
TimeRangeBreakout EA – this is a REAL day trading strategy. It does not use any martingale or grid functions and is based on a logical concept. The TimeRangeBreakout Expert Advisor can be used to trade within time ranges. The market often finds its direction within certain hours and, after breaking through the range, moves along that trend. This expert advisor is designed to trade in the direction of that trend after a breakout within the time range. Nevertheless, you can trade all types of time breakouts with this program. I have tested this strategy for several years, and so far it has been delivering very good results.
Info
- Working symbol USDJPY, XAUUSD
- Working Timeframe: M30
- Min deposit: $500
- Min leverage 1:20
- Good ECN broker is required
Features:
- No martingale
- No Grid
- No averaging
- No dangerous methods of money management are used
- Hard stop loss and take profit for each position
- Not sensitive to broker conditions
- Easy to install
- FTMO and Prop firm ready
Settings:
- Trading volume - Automatic lot calculation volume
- Fix Lot - Fix lot
- Max total trades - maximum orders
- Range Start Hour - Start hour to range calculation
- Range Start Minutes - Start Minutes to range calculation
- Range End Hour - End hour to range calculation
- Range End Minutes - End minutesto range calculation
- Order Comment - Comment
- Magic number - Magic number
- Range filter On / Off - Range filter filter
- Trailing On Off - Trailing stop on/off
- Trailing Start - Trailing start in points
- Trailing From - Trailing from in points
- Trailing Step - Trailing step in points
- Use Breakeven - Breakeven function
- Take Profit - Take Profit in points
- Stop Loss - Stop Loss in points
Risk Warning:
- Before you buy Time Range Breakout EA please be aware of the risks involved.
- Past performance is no guarantee of future profitability (EA could also make losses).
- The back tests shown (e.g. in screenshots) are highly optimized to find the best parameters but therefore results cannot be transferred to live trading.
- This strategy will always use a stop loss, but still execution of the SL depends on your broker.
